IBPAT REALTY TRUST (EIN 046630515) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

CHRISTIAN BRENNAN

Phone

6175220520

Tax Period

2023-07-01 to 2024-06-30

IBPAT REALTY TRUST, founded in 1993, is a small nonprofit that reported $930K in total revenue in fiscal year 2023. The organization ran a surplus of $201K, a strong 22% operating margin.

Mission

RENTAL TO NON PROFITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $881,195

Investment Income $48,735

Other Revenue $0

TOTAL REVENUE $929,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $729,085

TOTAL EXPENSES $729,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$929,930	$901,494	+0.0%
Expenses	$729,085	$534,467	+0.4%
Net Income	$200,845	$367,027	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$1,104,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES FOGELL	TRUSTEE	10.00	Director	$0	$73,352	$278,941
JOSEPH ITRI	TRUSTEE	10.00	Director	$0	$91,991	$263,806
MICHAEL LAFFERTY	TRUSTEE	10.00	Director	$0	$91,904	$263,076
CHRISTIAN BRENNAN	TRUSTEE	10.00	Director	$0	$96,148	$298,217

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$929,930	$729,085	$2,695,524	$200,845
2023	$901,494	$534,467	$2,494,679	$367,027
2022	$750,745	$537,769	$2,127,652	$212,976
2021	$684,553	$561,644	$1,914,676	$122,909
2020	$718,313	$478,838	$1,791,767	$239,475
2019	$759,083	$642,415	$1,707,519	$116,668
2018	$692,561	$665,608	$1,590,851	$26,953

IBPAT REALTY TRUST